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CRITICAL RESOURCES LIMITED — Capital/Financing Update 2014
May 19, 2014
64708_rns_2014-05-19_fd1fa956-ba70-4b8f-8225-1113bdfd2fb8.pdf
Capital/Financing Update
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ASX Release 20 April 2014
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Sovereign Gold Company Limited ACN 145 184 667
Level 2, 131 Macquarie Street Sydney NSW 2000 Tel: +61 2 9251 7177 Fax: +61 2 9251 7500
Contact Michael Leu CEO
email: [email protected]
Latest News www.sovereigngold.com.au
Directors / Officers John Dawkins AO Michael Leu Julian Malnic Peter Meers Jacob Rebek ASX Symbol: SOC
Mount Adrah Gold Limited Offer Extended Second Supplementary Prospectus Lodged
Mount Adrah Gold Limited (ASX: MTL) has issued a Second Supplementary Prospectus.
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Mount Adrah Gold Limited supplementary prospectus lodged with ASIC today
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Offer extended to 18 June 2014
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Sovereign Gold shareholders remain eligible to apply for shares in the priority offer
Sovereign Gold Company Limited (Sovereign Gold) advises that a supplementary prospectus for the Initial Public Offering of shares in Mount Adrah Gold Limited (Mount Adrah) was lodged with the Australian Securities and Investments Commission on 20 May 2014.
In the original prospectus Mount Adrah relied on the JORC 2012 streamlined Competent Person sign-off regime with respect to its Mineral Resource and exploration results by referring to previous announcements made by Sovereign Gold.
Mount Adrah Gold has now provided further disclosure and fullform Competent Persons statements, rather than the streamlined statements included in the original prospectus.
There is no change to the Mineral Resource reported in the prospectus.
The original prospectus and supplementary prospectuses can be downloaded from www.adrah.com.au.
The closing date of the Offer has been extended to 18 June 2014 (unless closed early or further extended).
Initial Public Offering
The Mount Adrah IPO is for 10,000,000 Shares at an issue price of $0.20 per Share to raise a minimum of $2,000,000; additionally the Company may accept over-subscriptions for up to 5,000,000 Shares to raise up to a further $1,000,000.
All Sovereign Gold shareholders holding at least a Marketable Parcel of Sovereign Gold shares at the Record Date, 10 April 2014, are eligible to apply for shares in the priority offer, with a guaranteed allocation of shares in Mount Adrah.
The target date for listing on the ASX is now 27 June 2014, though this date may be subject to factors outside of the control of Mount Adrah.
To subscribe for Shares, applicants will need to complete the application form that is in, or accompanies, the Prospectus.
In deciding whether to acquire the Shares, applicants should read the Prospectus carefully, and if necessary seek their own taxation and investment advice.
The Prospectus (and supplementary prospectuses), including the application form is able to be viewed and downloaded at www.adrah.com.au .
Requests for the Prospectus and application form can also be made by phoning Mount Adrah on +61 2 9251 7177.
For further information please contact: Henry Kinstlinger, Investor Relations
Telephone: +61 2 9251 7177